Tethys Petroleum Limited announced that its AKK16 exploration well has tested gas at a rate in excess of 10.2 million cubic feet per day (MMcf/d) (290.2 thousand cubic metres per day (Mcm/d)). This discovery has now been named the “South-East Akkulka” gas accumulation. Tethys also announced that it has acquired additional drilling and operations equipment.
Exploration [...]
Curtis, Mallet-Prevost, Colt & Mosle LLP represented KazMunayGas (KMG), the national oil company of Kazakhstan, in its successful negotiations with the North Caspian Sea consortium on the detailed agreements for the future development of the Kashagan field. The Kashagan field is reported to be the world’s largest oil discovery in at least three decades.
The North [...]
WSP Holdings Limited, a leading Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction (”Oil Country Tubular Goods” or “OCTG”), and other pipes and connectors, today announced that it established a new wholly-owned subsidiary, Bazhou Seamless Oil Pipes Company [...]
Uranium One Inc. announced that its board of directors has decided to place the Dominion Uranium Project on care and maintenance.
The decision to place Dominion on care and maintenance reflects the significant deterioration in the Project’s economics associated with the continuing decline in uranium prices over the last year and significant inflation-related increases in Project [...]
Alhambra Resources Ltd. announces that on October 3, 2008 it was served with a legal claim filed in Kazakhstan that seeks to invalidate the original Partnership Unit Purchase and Exchange Agreement dated March 21, 2002 whereby Alhambra purchased Saga Creek Gold Company LLP. Alhambra disagrees with the claim, believes that the 2002 agreement is valid, [...]
As America’s top financial officials updated Congress on their proposed $700 billion plan to rescue the stressed financial markets, oil prices stabilized, for now, towards the $100 a barrel mark today after rising rapidly on Monday. Emerging market experts, tracking the fluctuating prices, were generally optimistic on the long-term stability of energy-heavy economies such as [...]
Today, the President of the Russian Federation, Dmitry Medvedev, and the President of the Republic of Kazakhstan, Nursultan Nazarbayev, officially opened Mechel’s mining and processing plant at the Voskhod chrome ore deposit in the Aktyubinsk Region, Kazakhstan. The official opening ceremony took place during the exhibition held as part of a Forum for the leaders [...]
Alhambra Resources Ltd. provide an update on a recently completed total field magnetometer survey. The magnetic survey covered an area of approximately 132 square kilometres surrounding Alhambra’s 100% owned Uzboy gold deposit located in north central Kazakhstan.
The magnetic survey has identified three large exploration targets within close proximity to the Uzboy gold deposit where the [...]
Zion Oil & Gas, Inc. of Dallas, Texas and Caesarea, Israel announced today that it and Aladdin Middle East have signed a drilling contract. Last week, Zion’s Chief Executive Officer, Richard Rinberg, and the President and Chief Operating Officer of Zion, Glen Perry, visited AME’s offices in Ankara, Turkey, in order to inspect AME’s rig [...]
Bekem Metals Inc. announced that it has completed initial pilot testing of various technologies for processing nickel ore from its Kempirsai deposit. The testing was conducted in the United Kingdom, Russia and Kazakhstan. The Company has also received final pre-feasibility study reports (PFS).
The Company has spent the past several years analyzing and pilot testing a [...]
